The LSU AgCenter is planning to declare a state of financial emergency next month, Chancellor Bill Richardson told the LSU Board of Supervisors Friday.

A declaration of “exigency” is the procedural step that allows university officials to lay off tenured employees and cut programs. Richardson said $26 million in direct and indirect budget cuts in more than two years without having the ability to increase tuition as colleges can has led to the crisis.

The AgCenter last declared exigency for a period after Hurricane Katrina in 2005.